What are the responsibilities and job description for the GSE Underwriting Analyst position at Walker & Dunlop?
Department:
GSE Underwriting
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities.
Department Overview
GSE Underwriting is responsible for pre-screening and underwriting all Fannie Mae and Freddie Mac loans.
The Impact You Will Have
This is an entry level position in the Underwriting department. The primary role of this individual will be as a junior member of the Underwriting Team which consists of an Underwriter and Analyst.
Our Analyst Program is designed to provide entry-level opportunities to those actively in an educational environment or very recently graduated from such an environment. Those graduating in Fall 2024 or Spring 2025 are eligible for the 2025 Analyst Program.
If you are an internal employee interested in this opportunity, please reach out to the recruiter.
Primary Responsibilities
Underwrite and perform due diligence for multifamily housing products and transactions
Input income and expense statements in order to determine maximum loan amounts
Conduct initial reviews of market areas, property and site characteristics
Complete initial review of borrower and management qualifications
Learn methodology for building up Proforma income and expenses
Understand Part III of the DUS Guide and periodic updates on an on-going basis in order to cultivate continuous improvement
Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces
Order and review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports
Maintain organized and fully documented Underwriting Files and maintain database on specific deals
Assist in the crafting of the DUS Narratives for submission to Chief Underwriter
Demonstrate responsibility for ensuring that the underwriting team goals and initiatives are completed in a timely manner and needed resources are available to accomplish results
Work with Asset Management, Production, Closing and others as appropriate to closely monitor the performance and help develop and regularly refine benchmarks and metrics for evaluating the performance of the portfolio
Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel
Other skills related to building a career in Underwriting!
Perform other duties as assigned
Attendance is generally 8:30 am – 5:30 pm EST Monday through Friday with the ability to work up to 2 of those days remotely
Education and Experience
Bachelor’s degree (Business or Finance Degree preferred)
Previous experience within the real estate industry is preferred
Able to demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, and DUS Lenders
Able and willing to travel overnight up to 25%.
Knowledge, Skills and Abilities
A high level of computer proficiency in Microsoft Office (Word and Excel)
Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the Team in moving its transactions forward
Excellent interpersonal and presentation skills with strong work ethic to meet daily challenges of a fast-paced environment
Demonstrated ability to develop and execute solutions to complex issues and transactions
Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes
Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders
Salary : $60,000 - $70,000